Canaccord Genuity Group Issues Positive Forecast for Kopin (NASDAQ:KOPN) Stock Price

Kopin (NASDAQ:KOPN) had its price objective raised by Canaccord Genuity Group from $2.00 to $2.50 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on KOPN. StockNews.com downgraded shares of Kopin from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Kopin in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2.63.

Kopin Stock Down 8.4 %

Shares of NASDAQ:KOPN opened at $1.64 on Wednesday. The company has a 50-day moving average price of $1.30 and a 200 day moving average price of $1.02. Kopin has a 52 week low of $0.56 and a 52 week high of $2.82. The company has a market cap of $260.43 million, a P/E ratio of -4.00 and a beta of 2.71.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $13.32 million during the quarter, compared to analysts’ expectations of $12.73 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same period last year, the firm earned ($0.02) EPS. Analysts expect that Kopin will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Kopin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Connor Financial Group LLC purchased a new position in shares of Kopin during the 4th quarter worth approximately $28,000. XTX Topco Ltd purchased a new position in Kopin during the second quarter worth $32,000. FMR LLC increased its position in Kopin by 101,059.6% during the third quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after buying an additional 57,604 shares in the last quarter. Affinity Capital Advisors LLC acquired a new position in shares of Kopin in the third quarter worth $54,000. Finally, Penbrook Management LLC purchased a new stake in shares of Kopin in the fourth quarter valued at $66,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

About Kopin

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.